Question

a and b are partners sharing profit and loss in the ratio of 5:3. they admit c as a new partner with 1/4 share of profit and loss. calculate new profit sharing ratio ​

Answer 1

Answer:

let the total share be 1

remaining share = 1- 1/4 = 3/4

share of A = 3/4×5/8 = 15/40

share of B = 3/4×3/8 = 9/40

share of C = 1/4

new ratio = 15/40 : 9/40 : 1/4 = 15:9:10